LATEST CORELOGIC ECON TWEETS

Mortgage Performance

2017 Jumbo Loans: Full Doc and Made to Prime Credits

Large-balance mortgage loans are not only for wealthy homebuyers but also for middle-income borrowers in high-cost areas. Also known as ‘jumbo’ loans, historically these loans had a higher interest rate than conforming loans. However, since mid-2013 a jumbo loan has been cheaper to borrow than a conforming mortgage loan, by an average of 21 basis points during the first quarter of...

Has it Been Ten Years Already?

For those of us who’ve been in the industry for many years, “When will the private-label mortgage-backed securities market (PLMBS) return?” can garner a few yawns or even groans. If I haven’t lost you already, allow me to point out that we recently eclipsed the 10-year anniversary of the height of the PLMBS market which hit peak in June 2007 (Figure 1). So, to mark this...